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not everyone is happy with what's in it. state universities took a big hit, $1.3 billion cut. public school also have less and will have to make do with less, $3 billion in payments are delayed and 70 state parks will be closed. >> this must budget will affect almost all of us. among the changes, commuting in the bay area, beginning tomorrow it will get more expensive. toll also increase on bay area bridges for vehicles with more than two axles. that includes big-rigs and cars towing boats or trailers so if you're heading to the sierra, bring extra cash. public transportation fare also also rice, the san francisco municipal transportation agency is bumping up the price. a $2 hike for adult and $1 for kids, seniors and disabled. golden gate transit buses and ferries will add 5% to their fares for a full list of fare changes go to our website. >>> this has impacted dozens of san jose police officers. 67 of them will turn in their badges tonight. as we first reported to you yesterday, they are victims of san jose's $150 million budget deficit. they'll officially be off the job as of midnight t
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
people. we are not showing this to you for the sake of it. who do you know who making a big difference in your community? you can nominate these heroes and they end up winning. >> making a huge difference in their communities. a good thing to see. we want to wish everybody a wonderful fourth of july weekend. hope you're safe, healthy, happy and you have a little bit of fun. >> you're off? >> i'm off watching the fireworks. >> christine and i will be here on monday. have a fantastic weekend. kyra phillips takes it over now with the "cnn newsroom." >> how about a lot of fun? come on! >> some people have to work so i felt bad! >> happy fourth of july, guys. we all will be celebrating. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thank you for joining us. >>> witnesses taking the stand in the casey anthony murder trial. the judge says the case could go to the jury this weekend. >>> los alamos national lab closed fifth day as high winds make problems for fire crews. 94,000 acres have burned. lab officials say toxic materials are saving. >>> royal couple wakes
proceeding all through making headlines for wrong reasons but making big headlines nonetheless. >> we are following awe tlel' more on the nfl next week. mark, thanks. >>> the numbers are out. not the poll numbers and not the dow industrial. we are talking about the big number of bucks your presidential candidates are raising to win the white house. jim acosta, who has got the biggest bank? >> reporter: sometimes he's are the numbers that count, kyra, this morning. it looks like at this point, the person who has got the biggest bank right now is mitt romney. we haven't gotten any official totals in right now. yesterday his campaign did confirm that he is expected to bring in between $15 million and $20 million in the first quarter of fund-raising this year. not as much as he raised for the 2008 campaign but, still, way ahead of the rest of the pack. jon huntsman, we can mention, he also has a pretty big fund-raising hall for a guy that not a lot of people know about. $4 million. we should mention half of that, though, is money he kicked in himself. he is part of a very wealthy family t
and as tisha thompson shows us, it's a tough party to get into. >> reporter: one day before the big show, robbie matthew and his wife grappled with a map to try to plan their 4th of july. >> we are trying to find out what we have to do and what time. >> reporter: the couple flew in from the caribbean to see the parade, the concert and the fireworks. >> a lot is happening. >> please take public transportation, if at all possible. >> reporter: superintendent john james said don't even think about driving. take metro. but be prepared to walk. because the smithsonian station will be closed. >> i'm going to avoid the mall like the plague. >> reporter: just the thought of it -- is enough to keep locals like jessie away. >> the crowd and metro is insane. there is like 4 million people trying to get back on the metro at same time. >> make a day of it. >> reporter: but others say they are going to stake out their spot early. >> we are going to sit probably in the grass around one of the monuments. >> reporter: if you are planning on a picnic, the park service is banning certain items. >> because
of the big deal, speaker boehner has suggested to sunset upper income tax cuts that tax code would be rewritten but last night he told president obama and called it off. he released a written statement that read in part, white house will not pursue a bigger debt reduction agreement without tax hikes. best approach may be to focus on producing a smaller measure. they suggested the disappointing jobs report in june was a game changeser. >> it ought to insent visa us to do a big package without raising taxes but we're hoping the president is not thinking he was as six months ago and he was making the arguments that raising taxes in the middle of this recession or slowdown, whatever you want to call it was a bad idea. >> reporter: secretary geithner says $2.5 trillion out of spending alone would unfairly impact the elderly and middle-class and also be bad for the economy and slow down job growth. >> heather: we'll see what happens. thank you very much. >> gregg: the clock is ticking for a debt limit deal to be struck and maybe faster than many people think. white house aids say a deal
onboard these boats, so that was a big concern as well. >> firefighters on land and in two fire boats from the river did all they could to stop the fire from spreading through the entire washington yacht club it started in one boat the flames quickly spread to others, four of them were destroyed and now sunk one boat owner bill lost his 38-foot cris craft. >> if it is completely down in the water you tell me how bad it is. >> they have sunk. >> as far as we know it is burned down to the water line. >> the boats were engulfed the fire visible from highwaybridges around firefighters rushed to untie other boats setting them loose so they too would not catch fire. >> we did have collateral damage again, pretty combustible materials, fiber glass, plastics, fuel, a lot of hazardous material. >> several people live on boats in the marina it does not appear anyone was aboard the boat that is caught fire no one was hurt investigators are trying to determine the cause whether it was an accident or arson. >> at this point investigators are here but i have not heard of anything asthma luscious or susp
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
agree on some of the big things. we agree that after a decade of racking up deficits and debt, we need to get our fiscal house in order. we agree that to do that, both sides are going to have to step outside of their comfort zones and make some political sacrifices. >> if the key players do reach a deal, congressional leaders will have to bring it back for their members to vote. it's almost an automatic no vote for republicans elected with tea party backing and democrats promised to keep entitlements as it. the leaders were getting testy on the house floor friday. >> i'm one of those who strongly believes we aught to pay for what we buy. but i also believe that we aught not to put this country on the brink of financial chaos and bring us down in the eyes of the world. >> let's just review some of the statistics, mr. speaker. there have been 2 1/2 million jobs lost since this president took office. >> negotiators need a deal in the next few days. because it will take three weeks to write the bill, tweak it, and push it through both houses n. washington, caroline shively, fox news.
the impact. but i'm wondering, two of the candidates will be coming out after this big debate here in washington. does that give an advantage or a disadvantage or is it unclear based on the outcome? >> well, it's unclear based on the outcome certainly. the congresswoman and the congressman have both been very strong in their opposition. >> no compromise. right? >> that will appeal to many people in the base of the party. and i think what you've heard from some of the other candidates is somewhat more equivocal position. though john huntsman this week came out strongly for the boehner plan and said it was the only plan going and that the republicans and everybody ought to get behind it. congresswoman bachmann in particular, i think, has staked out that kind of tea party position. and she'll probably benefit from that. i think the other candidates are trying to get a piece of that, but try to go more broadly. >> i think bachmann and to a certain extent paul also risk some pleasure of backlash, or could in their don't raise the ceiling at all and their positions, playing down is a pot
, and everything, they give big tax breaks for the oil companies. the big manufacturers. they're taking jobs away from us. and why they think it is best to do that. i need an answer to that, because i work 40 years of my life, and now i'm disabled. and now they're talking about cutting everything. i just don't think -- i've even put my life on the line for this country, vietnam. why they think it's the right thing to do. host: thanks for your call. next up, a comment from hewitt, texas. tony, a republican there. good morning. caller: good morning. how's everybody there this morning? host: it's a little hot both temperature-wise and internally i think here. caller: yeah. you know, we deal with a few facts here this morning. that cut, cap and balance that was passed did two things that everybody just is totally bent out of shape about. one of which is that it would raise the debt ceiling, and we would give that community organizer everything he wanted. it also, at the time, would say that the united states would even have a downgrade in its debt rating. and what do we do? well, you got the presiden
>>> big news in washington this morning. one debt ceiling deal appears dead. will a critical meeting later today help save the american economy? new details about how the cia tracked down osama bin laden. the story of one analyst's dogged determination to get the leader. >>> rolling out the red carpet. the british royal company meets and greets some hollywood's biggest royalty. the scoop and buzz from their trip. >>> the 10 million mile man. you're going to meet the guy who just set a new record for the most flights on an airline ever. pretty cool stuff. good morning. i'm thomas roberts in for alex witt today. thanks for joining us. we get right to it. two big issues are making headlines this morning in washington. jobs and the debt ceiling talks. treasury secretary tim geithner appeared on "meet the press" with host david gregory. >> it's going to take a long time still. h is a very tough economy. i think for a lot of people it's going to feel very hard, harder than anything they've experienced in their lifetime now for some time to come. that is because that is the tragic e
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
heated yesterday between obama and eric cantor. while they bicker, the big three credit rating agencies are warning the aaa bond status could be at risk. the debt ceiling deadline, as you may know, is august 2nd, but the president set tomorrow for the deadline to see if a grand bargain is possible, if not a bare bones bargain. if not, payments to critters, bill payments, you name it, there is not enough income to cover all that. every month we come up $125 billion short. if we cannot borrow to bridge the cap, 40% of the monthly obligations could not be paid, and that could include social security checks due to go out on august 3rd. the stakes we just laid out are monumental, so both sides have to give ground and risk their jobs for the good of the country. what is so hard about that, right? joining me with their insights on conflict resolution are cnn contributor, pete dominic, and family law attorney, mrs. winestein. what does it take for two entrenched parties to agree on a deal that both need? >> well, you know, the obvious is that you take the emotion out of the room and you try to
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the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
>>> big news in washington this morning. one debt ceiling deal seems dead. will a critical meeting later today help save the country's economy. >>> the space shuttle docks for the last time with the space station. we'll get a unique perspective from a former astronaut. >>> rolling out the red carpet. take a look at this. the british royal couple meet and greet some of hollywood's biggest stars. we'll get all the buzz from their trip. >>> busting medical myths. a new book that separates fact from fiction on some big health questions. for example, does vitamin c really help stop holds? i'd like to think so. >>> good morning, i'm thomas roberts. alex witt has the day off. welcome to msnbc sunday. big news to talk about from washington this morning on those debt ceiling talks. it appears at least one deal is dead. the so-called grand bargain between the white house and the gop will not be happening. the grand deal called for $4 trillion in spending cuts and closing some tax loopholes. now republican house speaker john boehner says he wants no tax hikes included in the deal. but could a
. >>> it will be a big day in the casey anthony murder trial. closing arguments in that murder trial is just a few hours away. court is scheduled to start at 9:00 a.m. eastern time. casey anthony, as you know, accused of murdering her 2-year-old daughter caylee yesterday. there was a vigil for caylee near the spot where her body was found. the case expected to go to the jury after closing arguments. this all began in late may. casey anthony facing seven charges, including capital murder. that means she could face the death penalty if she's found guilty. the defense and prosecution both wrapped up their cases last week. casey anthony decided not to testify in her own defense. more on that throughout the morning. >>> also, a jailhouse phone call is raising more questions about the accuser in the dominique strauss-kahn sexual assault case. the former chief of the international monetary fund was released from house arrest on friday. mr. strauss-kahn is accused of sexually assaulting a hotel maid and last week prosecutors said the accuser's story raised credibility questions. cnn national correspondent susan
said to be 80 years old and lost one leg in a battle near a shark. that leads us to wonder, how big was that shark? >>> on the "cbs moneywatch" a restaurant bans kids and subscribers get negative over netflix. susan mcginnis is here. in new york with the latest on those stories. >> good morning betty. the financial markets it was an up day for asian markets. tokyo's hang seng was up a fraction and hong kong's hang vention do seng down a frangs. wall street will also be hearing from fed chairman ben bernanke. we will he'll give an update. stocks finished lower on tuesday, more worries on stocks. concerns about stocks pushed gold to a new record high. the price jumped $13 to nearly $1,562 an ounce on tuesday, the precious metal up nearly 10% this year and on track for its 11th straight annual increase. silver is up 15% this year. >>> netflix is raising prices and subscribers are not happy. gone is the $10 a month plan that lets customers rent a movie one at a time and stream unlimited movies over the internet. customers have to pay 60% more, nearly $16 a month for the new plan, that o
their arguments outside rather than keeping them inside the room. the president wanted the big deal, john boehner it seemed wanted the big deal, and it's very clear that that is not likely to happen. so at this point the president had his press conference yesterday. he said, you know, i'm the grownup in the room here. we each need to give a little on something. he said, by the way, if we don't agree, guess who will sufficiensufficiener? the american people. >> you mentioned spooking the american people. i saw a poll today and i'm sure the white house saw it as well. in it it showed americans are more worried about raising the debt limit than they are about the government defaulting. could the statement by the president be, i don't know, a calculated effort to warn the country, talking about millions who don't get the checks about the severity of this government default? >> absolutely. i think the president is now starting to say, okay, and we're getting a little into the blame game now. okay, if the government defaults, you're not going to get your social security checks and your veterans benefit
. those conditions could cause big problems. brianne carter is live on the national mall as we get ready for today's east.-- today's heat. >> usually we filigrees at this time of the morning, a petite is already in washington. today is going to be even worse than yesterday. another day of heat and humidity. while this is part of what summer in washington is like, people are taking precautions. many try to gaps out during predict many try to get out during the early morning or late evening. we will feel that again today. on days likeness its can certainly be unhealthy and potentially dangerous. officials with the fire department say that they do see an increase in calls on days like this. they are urging everyone to stay hydrated and stay in the status possible. we are certainly going to be dealing with the heat. -- stay and the shade,. >>> people in the midwest, the south, and the northeast are doing all they can to stay cool. there are heat advisory is in 20 states. but he is expected to stick around for a few more days. -- the heat is expected to stick around. >>> a lightning strike i
in the lower righthand corner, you choose, what do you want to see? this very big baby, a newborn giraffe? the most efficient government building in america? that's choice number two. and number three, los angeles guy who finds a way to put hundreds of gallons of gas in his tank, but well, he could go to jail for what he did. we'll tell you about it, if it's the one you pick. your must-see moment of the day. you vote,, happening now, it's your other news source. julie: a fox news alert for you and a power plant implosion that we are awaiting in frisco, texas, this power plant has served texas for 50 years and it will come crumbling down just minutes from now, it is the retired colon power plant in frisco. as soon as that happens, we'll bring you that amazing picture. we never get sick of implosions. jon: what goes up must come down. julie: there you go, live tv for you! jon: right now a stunning turnaround in the sexual assault case against dominic strauss-kahn, prosecutors agreeing to free the former chief of the international monetary fund on his own reconnaissance, that mea
to the men and women watching us on the armed forces network. a big thank you to you as well. >>> we're just hours before tonight's debt reduction talks at the white house. live pictures there this morning. the ambitious hopes for a large-scale deal have been dashed. the apparent sticking point? taxes, here is how house speaker, john boehner, sees it as democrat and republican leader prepare for tonight's showdown. quote, despite good-faith efforts to find common ground, the white house will not pursue debt reductions without tax hikes. i believe the best approach may be to focus on producing smaller cuts, that still meets our call for spending reforms and cuts greater than the amount of the debt limit increase. the white house talking about expectations at those talks. here's what spokesman dan fiver had to say about it. he said we cannot ask the middle class and seniors to bear all the burden of higher costs and budget cuts. we need a balanced approach, he says that asks the very wealthiest and special interests to pay their fair share as well and we believe the american people agree. cnn
? >> what we need to do is the president proposed that we deal with this very big problem in a big way. and that democrats should put all of our sacred cows on the table. we demonstrated that we're willing to put all our sacred cows on the table. the republicans are simply not willing to do anything but sit on their hands and cross their arms like spoiled children, almost. and that's just not responsible. what democrats want to do when it comes to dealing with entitlements is make sure that we don't end medicare as we know it. that we don't cut benefits but we look at medicare and social security in a way that can preserve the long-term solvency of those programs and not propose what the republicans have to end those programs. >> speak of safety nets, the president did say in his interview last night that he could not guarantee that he would continue paying social security benefits if there were a default. this is what michele bachmann had to say about that. >> we were all shocked and appalled that president obama dangeled out in front of the cameras that senior citizens may not get th
. jeter getting his 3,000th hit yesterday. >> that was a big day for him and the yankees as a whole. yankees shortstop, derek jeter, reached the historic milestone on saturday. and ray d'alessio is joining me. it's a huge day for derek jeter. >> yankee's fans, they love this guy. what does he do? he goes out and gets his 3,000th hit. he hit it by hitting a home run. one of the nicest guys that as a member of the media that you can interview. and even bigger than him getting his 3,000th hit, and you are from jersey, and you now how rich the yankees players are. joe dimaggio, and none of them never reached the 3,000 hits, and derek jeter the first to do so. you have the young fan, and the fan who catches the ball -- >> he didn't have to give it back, did he? >> no, he could have sold this ball, and there was talk this ball could have gone for thousands. a life-long yankee fan. what does he say? jeter worked his rear end off. he got to meet jeter, and the yankees went ahead and gave him tickets to the championship suite for the remainder of the season, and he made out. >> ice cream, ho
a lot. he want as big deal. will he and the president find a compromise? guess who is back? nancy pelosi, your favorite friend, the foam house speaker is back at the table and is in open the debt talks and wants to point the fingers at ... guess who? >> day one of 85 of the republican majority in the congress and we have not seen one jobs bill come to the floor. >>dave: day 185. we expect the republican congress to create jobs in less than a year yet the democrats had four years in control of congress and did what for jobs? >> and the day of fast tush around in the media and all at, quick response from romney about her comments. listen to this. uncertainty is probably the one thing, a heck of a problem. is my company going to be here? it is tough. things have to change. have to change. >>dave: that ad in response to comments early this week, from the senior advisor to president obama who said people will not vote based on the unemployment rate and jobs numbers but based on their situation. well, their situation is the unemployment rate. it is the jobs numbers. that is their reality. so,
this economy and yeah, there's a big issue coming up with regards to the debt ceiling. the president ought to be in washington meeting with republicans, meeting with democrats, he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis that the country faces. but he's here raising money for a campaign. doesn't even have a primary opponent. >> the president was also in pennsylvania, the white house, though, fires back at that particular metal works plant, the allentown metal works that had been struggling for years when the president visited in 2009. president obama saying while i'm working, there will be candidates parading around the country and doing what they do can which is trying to attack. he told supporters in other parts of pennsylvania while mitt romney was there in pennsylvania. >> mitt romney did not mention his rivals. he's clearly taken the stance that i'm the frontrunner, i'm not going to mention tim pawlenty or michelle bachmann. why's he in pennsylvania? not an early primary state, k
was ready to try again to do something big to control the debt. the ensuing days, the two sides forged common ground on the strategy raising the debt limit and cutting more than $4 trillion out of the federal budget that would take place through 2021. the speaker put out a statement in connection with the comments he made to the press yesterday. here is a bit of it for you. he said: in the end, he writes, we couldn't connect. not because of different importants, but different visions for our country. the president is emphatic taxes have to be raised. i know that tax increases destroy jobs. the next page, mr. boehner goes on to say, the president is adamant we can't make changes to entitlement program. i know the programs won't be there for my daughter's generation unless significant action is taken now. i have decided to end conversations with the white house and begin conversations with the leaders in the senate in an effort to find a path forward. again, the leaders are going to the white house today to meet with the president. the minority leader also putting out a statement becaus
the cliff thelma and louise style but 43% of independents say what's the big deal? >> what's the pugh research? they only talk to 764 people. >> they did it all yesterday afternoon. >> by the way, we have a panel of independent voters coming up to see how they're feeling about the debt ceiling debate because obviously, they are the coveted group. >> that panel, 765. >> all right. >> a little bit bigger. >> we go to a panel of one. steve winn is the ceo of winn resorts. they have those casinos and stuff like that in vegas. he was on a conference call with investors and investment banks yesterday and he really let the president of the united states have it. we've got some quotes from the conference call. he says, here you go. "i'm saying it bluntly, that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. and i can prove it and i can spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left
and then this dip now? >> e.d., you talk to some analysts and they say, you know what, we had some really big shocks to the economy, to an economy that's already in trouble. first we had that ripple effect from the earthquake and tsunami in japan. that really hit manufacturers and automakers really hard and stopped production in its tracks. that's one effect and one reason we're seeing such low numbers. another reason, these higher oil prices we've been dealing with. they jacked up gas prices, so consumers pulled back on spending on other discretionary items. now, that doesn't help to give companies any extra confidence to hire when they see that nobody is, let's say, walking into their store to buy things. also these high oil prices cut into company's profit margins because for them it costs more to produce these products and distribute these products. these companies, you know, just overall, they aren't hiring. in the economy itself there is just a lot of uncertainty. if the economy would be on solid footing, then they'll hire but we're just not there. and of course amplifying this whole situation
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
. the president came out and said republicans, you have to do a big deal and by the way, if you are thinking about an interim plan, forget it, i'm not going to do it. >> i found it interesting because he basically said both sides had to get used to some sacrifice. brian, you and i had the debate yesterday on radio whether or not he would have that particular tone. but that's what he said. i found it interesting he said we should attack this right now, although a month ago he wasn't even involved in these talks. you have to ask him why the sudden urgency now. the other question is is that august 2nd deadline, could tim geithner just push that date a little bit more down the road or is that hard and firm? >> well, here is the -- >> it's not going to get easier, it's going to get harder. we might as well do it now. pull off the bandaid, eat our peas. now is the time to do it. if not now, when? i'm prepared to take on significant heat from my party to get something done. and i expect the other side should be willing to do the same thing if they mean what they say. >> it's amazing. yesterday the presid
smart to get in, you were smart. >> it has become a big business the last few years with the cost of coffee. cheers to your ice water there. >>> we want to update you, first, with the latest from washington on those debt talks. there are only five days left for congress to pass a budget cutting plan that will raise the government borrowing limit and avoid a possible default. this morning, the house is set to take a very important vote and much of america from main street to wall street will be watching. cbs news congressional correspondent nancy cordes is on capitol hill this morning. nancy, good morning. >> reporter: good morning to you, erica. that's right. the vote today is on speaker boehner's bill to raise the debt ceiling and it's important because it's one of the two bills out there that could possibly get us out of this mess. but at this hour, it's still very uncertain whether speaker boehner has the republican votes he needs to pass it. and so he became boehner the enforcer yesterday, holding several meetings with house republicans, tea party republicans, freshmen republi
. >> you know, there's a big question that i have here about trading partners. we were looking at the evolution of countries and populations over the next 40 years. a new report says that in 40 years out, india is going to become -- push united states out of the number two spot and become the second largest. >> that's right. china's set to be the biggest trader by 2015. india is to take over the united states by 2015 as number two. this is a huge surprise. what's behind india's rise? >> they'll benefit from the rise in trade between emerging markets. between the brick economies and they're creating new winners and that will include india. >> very interesting. the report from the u.s. census population that it will become the most populous country. >>> take a look at this video. it's a little creepy. it's a dentist robot. a lifelike patient that dentist in training train on in japan. the robot -- look at this. it's creepy. it can sneeze, move her head. cough a little bit. the dentist can get actual training without actually hurting anyone. i'm probably a little -- i'm happier th
. there are a lot of breaking details regarding the dates and there could be a big face injected into it as well. we'll tell you about it shortly. big blowup in washington that everybody is talking about. >> clayton in for brian today. good to have you. headlines for you first. there are no leads this morning on who is responsible for a deadly triple bombing in mumbai, india that killed 17 people. the simultaneous bombings in three separate neighborhoods described as a coordinated terror attack. 131 other people are hurt. 23 critically. investigators believe it may be revenge for police pressure on home grown terrorists. this morning, four people are dead after a homicide bomber attacked a memorial service for the half brother of afghanistan president hamid karzai. 15 others were hurt in this attack on a kandahar mosque. wally karzai was assassinated on tuesday. he was shot at close range, apparently by a confidant. the taliban has claimed responsibility for his murder. thousands paid their respects for an 8-year-old boy murdered in his brooklyn, new york, neighborhood. he went missing monday on his
having that takeover. it would not have been legally binding, but a big slap in the face. before that debate in the building behind me was about to get under way, the news core itself announced that they were holding their hands up and saying, look, we're not going to go ahead with this. an amazing u-turn from murdoch in the face of unprecedented. they said it's a victory for people up and down the land. they are all relieved for the minute that they don't have to make that decision in government, because that was going to be a very awkward moment when they had to decide one way or the other whether that could be approved. that has been taken off the table. the story is not over, though. the police investigation continues. there may be more arrests and maybe more fallout and maybe more allegations, and it's a global story now. there's talk about, you know, looking at whether they hacked into victim's of 9/11 in the u.s., and threats from a u.s. senator, jay rockefeller as well, and there is not confined to the uk now. >> the whole reason this broke is because of the voice mail th
if a big bank goes under. second, it said to wall street firms, you can't take the same kind of reckless risks that led to the crisis. and third, it put in place the stronger -- the strongest consumer protections in history. now, to make sure that these protections worked - so ordinary people were dealt with fairly, so they could make informed decisions about their finances - we didn't just change the law. we changed the way the government did business. for years, the job of protecting consumers was divided up in a lot of different agencies. so if you had a problem with a mortgage lender, you called one place. if you had a problem with a credit card company, you called somebody else. it meant there were a lot of people who were responsible, but that meant nobody was responsible. and we changed that. we cut the bureaucracy and put one consumer watchdog in charge, with just one job -- looking out for regular people in the financial system. now, this is an idea that i got from elizabeth warren, who i first met years ago. back then -- this is long before the financial crisis -- elizabeth wa
to report. the big apple is expected to be back by 2013 and that is not the case for other major metro areas. a report commissioned by the u.s. conference of mayors, one in 7 will not reach prerecession levels until 2020. that is the engines of u.s. economic growth and producing the jobs that. can mean problems for the u.s. economy and while areas have picked up. others are lagging. >> there are things that are holding recovery back and that is still the housing market. places with big housing booms and busts. florida, and southern california . nevada and parts of the rest of the southwest. in new york city internet start ups are helping to create thousands of jobs. it is it a hotel reviewing. they started with five employees and grew to 20 and expect to add 100 new people in the new york headquarters made possible by the pool of potential workers . we havital ept and design and media and a lot of thital ept and engineering and marketing as well it is a great place for a start up. i am not the only one who thinks it. it is a challenge. >> and so if you are in the tech field work
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
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